The Home Connection – November 2017

The Home Connection Nov 2017


Posted on November 1, 2017 at 9:00 am
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The Home Connection – October 2017

The Home Connection October 2017


Posted on October 1, 2017 at 9:00 am
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Are We in a Housing Bubble?

As home prices in King County have reached record highs, some people are wondering whether we are approaching another housing bubble.

While it’s true that home prices here have surpassed the last peak hit during the housing bubble, that doesn’t mean we are in bubble territory today. The last bubble was fueled by faulty mortgage practices. Today, loans are granted on much more sound principles.

More importantly, the local economy is flourishing. Seattle has the fastest growing population of any major city in the country. The demand for homes, and historically low inventory, have been the catalyst for rising home prices here.

Still not convinced that there is no bubble? Let’s take a look at the statistics.

King County Median Sales Price

According to data from the Northwest Multiple Listing Service, the median home price in King County rose steadily since 1993 (the first year the NWMLS reported median home figures), fell during the crash, and has risen since 2012.

Now, let’s assume there was no housing bubble and crash in the mid-2000s and that home prices appreciated at normal historic levels for King County, which has been an average annual rate of 6 percent for many decades. This graph compares actual home prices (blue bars) with what prices would have been with normal appreciation (orange bars) over the same period.

King County Median Sales Price

Bottom Line: Had there not been a boom and bust, based on historic appreciation rates home values would be close to where they are right now. However, there is no doubt that home prices have risen rapidly the past few years, and that rate of appreciation can’t be sustained over the long term. If you are considering buying a home today, make sure you can afford the payments, and choose a location that will appeal to you for years to come.

This post was originally seen on the Windermere Eastside blog.

Posted on September 6, 2017 at 7:03 pm
Robyn Ayala | Posted in Robyn's Blog | Tagged , , , , , , ,

The Home Connection – September 2017

The Home Connection September 2017


Posted on September 1, 2017 at 9:00 am
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The Home Connection – Aug 2017

The Home Connection Auguest 2017


Posted on August 1, 2017 at 9:15 am
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The Home Connection – July 2017

The Home Connection July 2017 Robyn Ayala


Posted on July 1, 2017 at 9:00 am
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Home Maintenance Checklist – Summer Tips

Summertime is the perfect season to start tackling some home maintenance. For the hot summer months, this quick checklist offers tips and advice to keep you home’s systems in good working order throughout the year.

Summer Home Maintenance Tips


Posted on June 20, 2017 at 6:11 pm
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The Home Connection – June 2017


Posted on June 1, 2017 at 8:00 am
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The Home Connection – May 2017


Posted on May 1, 2017 at 9:00 am
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The Home Connection – April 2017


Posted on April 1, 2017 at 8:00 am
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